HMS Bergbau AG (ISIN: DE0006061104, WKN: 606110), a leading independent commodities trading and marketing company, published its audited financial results for the fiscal year 2025 on June 30, 2026. The final figures largely confirm the preliminary results released on April 14, 2026, and were prepared for the first time under the International Financial Reporting Standards (IFRS). This transition limits comparability with the prior year.
EBITDA surged to EUR 60.1 million, up from EUR 20.1 million in 2024, exceeding the preliminary figure of EUR 59.4 million. The increase was significantly influenced by positive one-time valuation effects of approximately EUR 37 million from the initial consolidation of Maatla Resources (Pty.) Ltd., a coal mine in Botswana. Net income for the year reached EUR 54.8 million, compared to EUR 13.2 million in the previous year, reflecting a more than fourfold increase.
Group sales declined from EUR 1.36 billion to EUR 1.22 billion due to lower commodity prices. For the current fiscal year 2026, HMS expects group sales of EUR 2 billion and an EBITDA of EUR 55 million. This outlook includes a one-time valuation effect of approximately EUR 20 million from the initial consolidation of mining company Hoshoza Resources Vryheid in South Africa. Adjusted for this special effect, EBITDA is expected to increase from EUR 23.1 million in 2025 to EUR 35 million in 2026.
The company has made significant strategic decisions to position itself for further growth. In 2025, HMS expanded its business activities in liquid fuels, raw material production, and traditional trading. These efforts have laid the groundwork for its transformation into a fully integrated, internationally oriented commodity house along the entire value chain, extending beyond coal trading. The full annual report for 2025 is available for download on the company's website at www.hms-ag.com in the Investor Relations section.
HMS Bergbau AG invites investors and media representatives to a video conference on July 6, 2026, at 3:00 p.m. (CET), to be held in German. CEO Dennis Schwindt and CFO Jens Moir will present the financial results for 2025 and the outlook for 2026, as well as report on current developments. The Management Board will be available for a Q&A session. Registration is available via the following link: https://www.appairtime.com/event/74c39ab9-56de-4f3d-87f4-721b86f8d201. Additionally, HMS announced that due to current market conditions in the mid-cap bond market, it has suspended its current bond issuance, though it remains in close contact with investors.
